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This video is about Excel magic trick number 348, which showcases a mini version of records for invoices. It demonstrates how to calculate the running total of inventory units on hand using a formula. The tutorial explains how to download the workbook from the YouTuber's channel and website to follow along. The example given in the video involves selling a particular item at a set price and calculating the total amount sold. The focus is on creating a formula that automatically updates the running total when a new record is added to the database.
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